Market Share of Street And Roadway Lighting Industry
The street and roadway lighting market is fragmented and highly competitive owing to the presence of many regional and international players across the globe. Some of the significant players are Signify, OSRAM, and Cree, among others.
In June 2023, The Government of India approved the installation of 90,000 smart street lights on all the roads maintained by the Public Works Department (PWD) in Delhi to eliminate dark spots and bolster women's security. The government stressed a robust central monitoring system for ensuring the uninterrupted functioning of the lights.
In February 2023, The Monroe City Council announced the approval of a motion to submit a grant request to the Southeast Michigan Council of Governments (SEMCOG) to convert street lights around the city to light-emitting diode (LED) lamps. After approval, the grant is expected to cover up to 80 percent of the capital costs the city would incur in the conversion.
Street and Roadway Lighting Market Leaders
Cree Inc. (Wolfspeed, Inc.)
Signify Holding
OSRAM Gmbh
GE Current
DCD Technologies ME FZCO
*Disclaimer: Major Players sorted in no particular order
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